The platform is catered towards three groups of cryptocurrency users, including ICO creators, funders, and promoters.

Using CoinLaunch’s “Coin Creator” tool, anyone can create their own Ethereum-based ICO, including a full-featured Ethereum-backed ERC20-compliant token.

In an initial press release announcing the launch of the beta, the Toronto-based development team claimed that thousands of users in 60+ countries worldwide had already registered for the CoinLaunch beta program.

How Does CoinLaunch Work?

CoinLaunch has created an integrated cryptocurrency funding system that enables backers to easily fund various campaigns using their built-in crypto-payment gateway and their user-friendly ICO creation system.

The platform also has features like an affiliate and referral system that tracks and manages all aspects of the promotion of ICO campaigns.

All referral payments are processed using CoinLaunch Tokens, or CLTs. These tokens can then be used to purchase stakes in ICOs offered on the platform. Like any digital token, CLTs can also be redeemed for other cryptocurrencies.

Plus, companies can launch ICOs that are fully compliant with KYC/AML requirements.

How To Use CoinLaunch

You can get an idea for how CoinLaunch works by visiting the platform online today at CoinLaunch.market. The platform is currently in beta, although it has a number of sample projects posted to the dashboard.

For Investors

As an investor, you can scan through basic information about each project, including their funding goal, amount of funds raised, days to go, and fundraising percentage.

After clicking on a particular ICO, you can get a brief description of the platform, view information about the team, and access a demo of the platform, if available. There’s an estimated date of delivery, and a clear explanation of what types of rewards are available for different investors on the platform.

If you want to participate in an ICO, then you can do so through the platform. You can upgrade your account with KYC/AML requirements, allowing you to easily participate in any ICO through a single dashboard.

Overall, CoinLaunch will be familiar to anyone who has used Kickstarter, Indiegogo, and other crowdfunding platforms. CoinLaunch wants to provide similar service to the world of digital currencies and initial coin offerings.

For Startups

Startups can use CoinLaunch to reduce the complexity of the ICO process. They don’t need to develop their own blockchain-based platform or smart contracts, hire a team of blockchain developers, or work with an outside marketing campaign. Instead, they can perform all of the required steps for launching an ICO directly from the CoinLaunch platform.

Using CoinLaunch, startups can launch their own Ethereum ERC20-compliant token. Then, they can accept all customer payments directly through the platform and its payment gateway.

The CoinLaunch Token Sale

The beta for CoinLaunch just launched in October 2017. The company has scheduled a token sale for 2018, although a specific date has not yet been announced.

CLT tokens will be used to participate in ICOs through the platform. Users can also receive CLTs in exchange for promoting ICOs through the platform.

About CoinLaunch

CoinLaunch is led by entrepreneur Reuven Cohen and his business partner Randy Clemens. The company was founded in June 25, 2017.

CoinLaunch is headquartered in Toronto, Ontario, Canada.

CoinLaunch Conclusion

CoinLaunch aims to do for ICOs what Kickstarter and Indiegogo did for crowdfunding: it aims to open ICOs to a mass audience, allowing any business to launch their own digital token to participate in the digital economy. CoinLaunch has a user-friendly system that allows startups to create their own Ethereum-based ERC20 token. Companies can promote their startup through the platform, then accept payments from customers.

Meanwhile, investors can complete CoinLaunch’s KYC/AML requirements to participate in multiple ICOs directly through the platform.

The token sale for CLT tokens will begin sometime in 2018. You can access the beta version of the platform today at coinlaunch.co/